Investment for sale Kingston upon Hull HU1 2AP,13113sq ft

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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 138557

PROPERTY TYPE

Investment

STATUS

Available

SIZE

13,113 sq.ft

Key Features

SJP Law established legal firm, operating for over 170 years, with offices in Hull & York.

Long established tenant paying a rent of £65,000 per annum, with a lease expiry on 23rd June 2028. Provides a Net Initial Yield of 9.18% after purchase costs of 4.94%.

Parliament Street is a pedestrian area connecting to Whitefriargate and Alfred Gelder Street.

Business Not Affected.

Property Details

The Property Consists Of A Converted Period Building Effectively Comprising Of 4 Buildings Converted Into 1 Block Of Offices Occupied By Sjp Law. The 3 Properties Fronting Parliament Street Are Within The Georgian Era With The Rear Building, Known As Parliament Chambers, Believed To Be Victorian. The Main Office Is Accessed Via Parliament Street With The Rear Accessed Via Duncan Place And Manor Street, And The Property Having The Benefit Of A Secured Car Park For Up To 10 Vehicles. The Parliament Street Buildings Are Built On Basement, Ground, First, Second Floor And Attic Level With The Offices Consisting Of A Mixture Of Individual Offices And Part Of The Building Being Refurbished To Create Open Plan Offices. The Lower Ground Floor Offices Coming From Duncan Place Are Being Utilised As A Gym, Additional Individual Offices And Meeting Rooms.

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About the Agent

Garness Jones Commercial Ltd

See Agent's Other Properties

Investment Unit

£675,000 Freehold

4-6 Parliament Street, Kingston upon Hull, HU1 2AP

Investment - Available
13,113 sq ft
1,218 sqm

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